We're getting close to the point of being able to long CRV.
We're seeing a market-wide pullback at the moment and gives us a chance to find areas that we are interested in adding to our SNX bags. Here's what I'm seeing on the Synthetix chart.
I'm currently risk-off while this plays out. Waiting to see it fall through 40k and into the mid-30s.
We've seen SUSHI react quick off support levels in the past and there's no reason to believe this won't happen again. PS I'm sorry about the noise levels. I didn't realize how close I was to the microphone.
You'll also notice grey boxes on my chart. Those are order blocks that I'm keeping my eye on. I forgot to mention those in the video.
As we see CRV get squeezed on all the pairing charts, we should be trying to compound our CRV holdings by buying support and selling resistance. My idea is to continue this until we see a clean breakout and retest to go into mega-bull mode on Curve. The charts look great in my opinion and as long as we hold support, this plan is valid for me.
While the short trade is there, I'm mostly keeping my eye on that bottom trend line to accumulate more CRV before the next major breakout move. I love how aggressively it rebounded on this last dip. That gives me tons of confidence that the breakout here will get us to that $3.40 range in quick fashion.
I'm going to keep a close eye on this one as early investors are now unlocked and leading to extra selling pressure. We could easily get back to that trend line and it's a must buy. I don't plan to sell this for a quite a while as I see a lot of attention moving to decentralized protocols as more KYC rolls out. $100 PERP is easily attainable by EOY.
Trend line bounces don't get any cleaner than that. I believe RIOT is in a great place to make a breakout run if the market can hold itself together. With the R:R being what it is, it's worth the risk to me.
I'm really liking the confluence of multiple signals. We've had a bounce off the short-time-frame Super trend. There's an inverse head and sholder setup with a very clear neck line. When we flip the S/R line at 2500, there's a lot of room for this to run. Add that both Supertrends are Buy signals and I'm sold this is a good play.
I'm watching this multi-month consolidation pattern play out and loving the opportunity to buy this lower trend line. When BNB breaks out of this later this year, it's going to be epic for the entire BSC ecosystem.
With LUNA sitting on the support line against BTC, this is an extremely low risk and high reward play. I'm looking to take small profits at the ATH and letting a good chunk of this one run for a while. If Defi is heating up again, LUNA will make some serious gains.
We've bounced off the lower support really well and I think it's about time we test the upper end of this range where the S/R flip happened back in June on the way down.
I'm buying this flip of the S/R line. You can see my position entry and target on the chart.
I missed my ideal entry on the retest of the 23 cent support, but there's still plenty of juice here. I'm watching 3 zones on the climb that I may try to take some profits and/or compound. The best case scenario for DOGE to make this happen would be a calm and ranging BTC. Alts have some room to make up and you can see that really starting today.
I'm seeing BTC break out of this channel and the retest looks successful. We break $42k here and we'll likely hit some resistance in the $48k region.
I'm looking for these two support levels to give LUNA a quick bump up to the support and possibly even the mid-point of the parallel channel. I will likely rebuy after the S/R flip around 11.20, if given a retest. If LUNA changes directions, I'll flip my bias and play the downside upon retest.
I'm waiting for the retest of the prior S/R level to take a short into the next point of support. Idea is to sell at $32.2k and then take profit at $31.1k. Stop Loss placement around $32.7k.